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Futures Sector Divided Over Insurance Fund

BOCA RATON, Fla.—The U.S. futures industry remains divided over the merits of following stock traders by creating its own insurance fund to protect clients in the event of a broker collapsing.

A detailed industry-led study is expected to deliver its verdict before the summer on the costs and potential scope of such a fund, called for by lawmakers and regulators after more than $1.8 billion in investor funds were seen missing after the failures of MF Global Holdings Ltd. and Peregrine Financial Group Inc.